Anglo after Oppenheimer family De Beers stake – report

Mineweb.com reports that Anglo American Corporation (LON:AAL)is possibly considering purchasing a 40% stake in DeBeers.

The editorial is quoted as saying:

According the newspaper report, Anglo’s big institutional shareholders have been exerting pressure on the company to make De Beers part of its core operations:  De Beers is currently a private company.  There had been talk of De Beers refloating (it used to be a public company), but it appears that the preferred option would be for Anglo to buy out the Oppenheimer stake which is probably worth upwards of $3 billion

To access the whole editorial, click here.